7/14/2015 0:00
Contains many facilities for businessmen and companies
BAGHDAD
Economic Commission parliamentary approaching, from the completion of the investment law, which confirmed that "in the final touches," indicating that the Act contains many features that allow greater freedom to work the investment in Iraq, and give companies and businessmen great facilities serve the welfare of moving the wheel of the national economy in the country.
The House of Representatives discussed the Second Amendment to the investment law number "13" for the year 2006, which saw a second reading, especially after enriching the law many of the observations made by specialists in economic affairs, it has hosted from before the parliamentary committee.
Member of the Committee of Economy and Investment, Knight Knight said the "morning", said the Commission had not yet up to the finalization of the investment law, but in the finishing touches, and contains many facilities to investors, noting that "the investment law in the process of discussion, and Discussions are continuing with the Investment Authority and the Legal Committee on the formulation of final form before approval, pointing out that the things that delayed approval in the parliament process, returning to discuss parliamentary committee with the ministries which began rely on investment as a result of lack of resources and low oil prices, such as transport, electricity, agriculture and other , noting that the law in the last touches.
He MP, said there are many facilities contained in the law for the investor, the most prominent of measures relating to the allocation of land to be set up a project on them, as well as exemptions of customs, and the duration of the establishment of the project, many things are in favor of attracting capital and investors.
Turn , said a member of the Economic Committee, Ali Sobhi al-Maliki, that the investment law needs to support other details pour out well the final version, noting that the law contains many of the important facilities to the investor.
The MP said al-Maliki for "morning": that the investment law It has read it for the first time and the second, stressing the need to focus on many of the paragraphs of that law to be able to meet the needs of the country of investment projects for the next year.
He added that the new law would prevent the investment environment in Iraq, to the environment contested by investors, pointing to the existence Many of the facilities offered to companies and capital, most notably the presence of a special investment bank, and the Association of identity gives the investor have privacy in the judiciary and the airports which is recognized by the state, as well as the formation of a special judicial unit to investors working to facilitate their affairs.
For its part, revealed a member of the economic and investment commission , Najiba Najib, to address all the problems that hinder the adoption of the investment law, indicating that the House of Representatives in the process of enactment of this Act.
She said Najib in a press statement: "The economic and investment commission in Parliament seeking to prepare legislation laws that serve the investment and the banking sector, including the protection of deposits and protect the product Law and the laws of other important »
and added that the committee was able to address many of the problems in the law, a "routine" and "finance" and "decentralization" in the investment law, pointing out that the House of Representatives in the process of law-making in the coming sessions to support the national economy and the organization of the investment sector.
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